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IT Virtual Zone Company in Georgia

Special Tax exemptions for IT companies at 5% tax rate.

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Tbilisi River

Taxation for IT Virtual Zone companies

Georgian legislation favours companies involved in the development and sale of IT products.

Companies enjoying IT virtual zone status are exempt from VAT and corporate profit tax and benefit from a minimum 5% tax on the distribution of dividends.

Taxes in GeorgiaMainland CompanyIT Virtual Zone Company
VAT 18% 0%
Corporate Profit Tax 15% 0%
Tax on Dividend Withdrawal 5% 5%
Personal Income Tax20%20%

highlights

Requirements for IT Virtual Zone companies

Company registration

Registration of a new company in Georgia;

Virtual zone company status

An application to obtain virtual zone company status;

Physical presence

Physical presence of office and staff, and actual operations from Georgia is mandatory;

Virtual zone entity

Represent a legal entity carrying out information technology activities that has been assigned the corresponding status;

Information technology

Carrying out the study, support, development, design, production, and information systems, as a result of which software products are produced.

All procedures require a maximum of 12 days.

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Company Registration

Deal with all the legal stuff

We take care of all the heavy lifting. We prepare all the documentation for the company registration, apply for IT virtual zone status, and finalize the legalization of your documents.

Take care of your company accounting​

It’s not enough just to have a company and a bank account. Your accounting and bookkeeping also need to be in order. Just send us your documents, and we’ll take care of the rest.

Take advantage of our various banking solutions

Our solutions consists of the most up-to-date bank account options not only in Georgia but across the globe.

Notes

Important notes on Virtual Zone IT

Proper work plan

A Virtual Zone IT company in Georgia offers tremendous tax incentives. Your company pays only 5% tax on dividends.

However, without a proper working plan, taxes for your company may increase significantly. Services you purchase from abroad can increase your exposure to taxes by up to 33%. To avoid unpleasant surprises all you need is to get a proper working plan in advance.

Proper banking solution

Georgian banks have become more difficult to deal with client transactions not related to Georgia. However, companies are allowed to possess a foreign bank account as well as digital banking solutions. There are two primary issues that need to be resolved simultaneously for an IT virtual zone Georgia company:

  1. Fast and reliable international transactions in different currencies
  2. Taxes paid in Georgia

Both issues can be resolved by using a combination of international and local banking services.

Meet your service partners

We are ready to answer all your questions and assist you during your journey in Georgia.
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  • Eka Lekishvili Photo

    Eka Lekishvili

    Client Manager

    Bringing nearly two years of experience as a corporate lawyer in the financial sector, Eka specializes in tax law, focusing on exceptional tax regimes in Georgia. Her expertise extends to assisting clients in banking related cases for both personal and business purposes, offering insightful consultation on business registration in Georgia, and providing support in residency and visa cases, as well as consular legalization ensuring that documents meet the necessary legal standards for cross-border use. In her role, she ensures clients receive comprehensive legal guidance and solutions tailored to their unique needs, contributing to the success of PB Services.

    Languages:

    • English
    • Russian
    • Georgian

    Specialties:

    • Banking services;
    • Registration, maintenance, liquidation, and restoration of companies;
    • Regular, special, and exceptional taxation regimes and statuses;
    • Visa, residence permit, tax residency;
    • Legalization of the document for cross-border use.
  • Omar Ali

    Omar Ali

    Senior Client Manager

    Education: Sadat Academy for Management Sciences (Bachelor’s), Cairo University (Master’s).

    Professional specialization: Tax and Business Consultation, Data Mining, Data Analysis, Client management, Web Administrator, Business articles Translation, Case Study and Planning, Business Negotiation, Crisis management.

    Professional Skills: Preparation of Registration Documents, Online Business Marketing, conducting feasibility study, WordPress Editing, Designing Business presentations, After Service and online Support, Client follow up, Social Media editing and inquiries, WordPress Content Translation, improvising alternative plans to finish the deal.

    Languages: English, Arabic, French and Georgian.

    Cases:

    • Running tax Consultation;
    • Preparation of Company registration Documents (charter and founding agreement);
    • Throwing online meetings for Business services Consulting;
    • Replying Social Media Business Inquiries;
    • Supervising Arabic company website;
    • Adding Articles and creating content using WordPress;
    • Business Advisor for Free Zone Companies;
    • Sending Follow-Up Emails to Previous and current Client;
    • Providing consultation for special permits and licenses such as Forex Company and Financial Services Company;
    • Participating in summer camp workshop and team building with colleagues;
    • Setting up a presentation about the connection between marketing and Consultancy during Team Building Camp;
    • Running real time visits to Revenue Service and House of Justice;
    • Help obtaining Residence Permits in Georgia;
    • Offering new services to current clients;
    • Find Best Business plan for the client and offer case study;
    • Provide Basic accounting consultation for Individual Entrepreneurs;
    • Discussing the terms of a business and finishing the deal;
    • Running Online and offline Notary requests;
    • Opening Business bank accounts for LLC and Individual Entrepreneurs in person and remotely;
    • Sending marketing proposals for current clients about Real estate Services;
    • Assisting clients to file a case with the help of our lawyers to claim clients’ rights in real Estate purchase;
    • Giving Visa recommendations for foreign clients;
    • Offering Current Clients with better bargain to help win the deal.
  • Mariam Kuliashvili Photo

    Mariam Kuliashvili

    Senior Client Manager

    For more than 3 years I have been a Client Relationship Manager at PB Services Georgia. The main areas of my work practice are issues related to registration of companies with different statuses, registration of IP, opening of personal and corporate accounts, as well as assistance in the process of obtaining residence permit.

    Languages:

    • Russian
    • Georgian
    • English

    Cases:

    • Company registration at the international level;
    • IE registration for foreign clients from all over the world;
    • Consultation on obtaining small business status for IE;
    • Opening of personal accounts, as well as assistance in the process of opening accounts in alternative payment systems;
    • Opening of settlement accounts for large companies;
    • Registration and assistance in relocation of large IE companies;
    • Obtaining special statuses for IE companies, such as: International Company Status and Virtual Zone Status;
    • Registration of companies in NIZ, as well as obtaining the status of a Special Trade Company;
    • Assistance in obtaining a residence permit on various facts. Such as: Working residence permit by IE and working in a Georgian company, Investment residence permit, Educational residence permit, residence permit on the fact of family unification, Permanent residence permit;
    • Consultation and assistance in obtaining Tax Residency in Georgia;

    · Assistance in legalization of documents in different legislations.

  • Sopho Chaduneli

    Sopho Chaduneli

    Head of Consulting Team

    Education: 

    Bachelor’s degree in journalism and mass communication – Caucasus University 

    Master’s degree in marketing and communications – GIPA (Georgian Institute of Public Affairs)

    Professional specialization: 

    • Tax consultation 
    • Assistance in business registration and choosing the right legal and tax status 
    • Tax and legal residency 
    • General consultation and tax planning 

    Languages:

    • Georgian,
    • English,
    • Russian.

    Cases: 

    • Planning tax residency process and providing the best possible advices for different country citizens 
    • Business registration planning, choosing the best form of business for individuals and legal entities 
    • Assistance in getting special statuses for legal entities for tax optimization reasons 
    • Visa and residence permit planning 
    • Providing general consultations according to client’s needs
    • Finding the best possible solutions for company clients in terms of tax planning 
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